Nordea Kredit Covered Bonds Q4 2025 Debt Investor Presentation Table of contents 2 3 5 7 14 17 19 21 26 1. Nordea covered bond operations 2. Nordea Kredit in brief 3. Cover pool key characteristics 4. Asset quality 5. Underwriting criteria 6. Danish covered bond framework 7. Macroeconomy 8. Relevant links and contacts 1. Nordea covered bond operations 3 Covered bonds Nordea covered bond operations 4 • Covered bonds are an integral part of Nordea's long term funding operations • Issuance in Scandinavian and ...

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